Phillip Island property with farm, butcher shop and cafe sells for $1,835,000
A renovated three bedroom home on Phillip Island with 68 acre parcel of land recently sold for $1,835,000.
The rural property was listed by Mike Foenander from OBrien Real Estate - Judith Wright.
The renovated house at 511 Ventnor Road, Ventnor comprises three bedrooms, two living areas and sun drenched decks with rural and native bush views.
Other features of the property include five main paddocks, town water, three dams, historical kiln, and approved plans for a second dwelling.
It has been leased to two businesses with a renowned local following, Island Primary Produce – a paddock to plate butcher shop and The Store – a café offering light meals, coffee and regional produce.
Two long-term leases generate an income of $600,000 per annum.
The property last sold in 1992 for $325,000.
